[§206G-25] Revenue bonds; interest rate, price, and sale. (a) The revenue bonds shall bear interest at a rate or rates payable monthly, quarterly, or semiannually established by the commission.

(b) The commission shall include the costs of undertaking the public facility for which the revenue bonds are issued in determining the principal of revenue bonds to be issued. In determining the cost of undertaking the public facility, the commission may include:

(1) The cost of constructing, acquiring, remodeling, furnishing, and equipping the public facility, including acquisition of the site thereof;

(2) The cost of purchasing or funding loans or other agreements entered into for the public facility;

(3) The costs of studies, surveys, and insurance premiums;

(4) Underwriting fees;

(5) Financial consultant, legal, accounting, and marketing services incurred;

(6) Reserve account, trustee, custodian, and rating agency fees; and

(7) Any capitalized interest.

(c) The revenue bonds may be sold at public or private sale, and for a price that may be determined by the commission to be in the best interest of the State. [L 1997, c 359, pt of §2]